Iran to have Norwegian, Sweden companies in making oil industry firefighting equipment

Business Materials 6 May 2016 19:16 (UTC +04:00)

Tehran, Iran, May 6

By Mehdi Sepahvand - Trend:

Iran is in talks with two Norwegian and Sweden companies to make firefighting equipment it needs in the oil industry, said Shahab Tafazoli, a member of the Oil Industry Equipment Producers Association of Iran.

From Sweden Firemax and from Norway FFS has been chosen for the purpose, he said, Mehr news agency reported May 6.

He added that the agreement underlines the transfer of technology to Iran for making the equipment rather than buying produced goods.

Tafazoli added circumstances are also being studied to pave the ground for exporting the products in future to neighbor countries such as Iraq.

The oil industry is one of the most important industries in Iran that have been hit hard by sanctions.

Tehran is now trying to refurbish the industry as soon as possible in order to streamline its oil production.

As a general rule, the government stresses that it will not buy goods from abroad as much as possible. Rather, it says tis post-sanction cooperation with foreigners will be limited to importing technology and fund.